OYO Parent PRISM Files Confidential IPO Draft, Aims to Raise ₹6,650 Crore

• OYO's parent company PRISM confidentially filed its DRHP with SEBI for an IPO, planning to raise approximately ₹6,650 crore.
• The proposed IPO will be entirely a fresh issue of equity shares, with the company's valuation estimated between $7-8 billion.
• This marks PRISM's second attempt to go public, after withdrawing its 2021 IPO plan due to global market volatility.
• PRISM reported strong Q1 FY26 results: net profit over ₹200 crore, revenue ₹2,019 crore (47% YoY increase), and GBV ₹7,227 crore (144% YoY increase).
• The confidential pre-filing route allows PRISM to discuss IPO documents with SEBI privately, offering greater control over timing.

Why It Matters: PRISM's confidential IPO filing signals a renewed push to go public, backed by strong financial growth.